Electronic equipments such as Computers, Laptops, Medical, Bio-Medical, Micro Processors, Audio-visual equipments etc. can be covered under Electronic Equipment Insurance.

Coverage for electronic equipments is provided under Three Sections:

Section I - Material damage

Section II - External data Media

Section III - Increased cost of working

Section I - Material Damage

Cover the insured electronic equipment against any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded under the Policy, in a manner necessitating repair or replacement
It is a condition that Sum Insured should represent the New Replacement Values.

Section II - External Data Media

If the external data media inclusive of the information stored thereon, which can be directly processed in EDP systems, suffer any material damage indemnifiable under section 1, the company will indemnify the insured not exceeding the sum insured.

Section III - Increased Cost of working

If material damage indemnifiable under section 1 gives rise to a total or partial interruption of operation of the EDP equipment, the insured will be indemnified for any additional expenditure incurred for the use of substitute EDP equipment up to an amount not exceeding the sum insured.